What is the cost differential to the bank to have a contactless payment card vs. the traditional magnetic stripe card?
There is an incremental cost for a contactless payment card, with the cost driven by the card volume and design. Alternative form factors, such as fobs and mini cards, are typically more expensive than contactless cards but also depend on quantity, design and packaging. Card vendors can provide more information about the cost of contactless cards and devices.
Related Questions
- Does the Standard Card affect the use of other contactless cards like Oyster, bank issued payment cards and security/access cards that are used in many offices?
- What is the cost differential to the bank to have a contactless payment card vs. the traditional magnetic stripe card?
- Can we order contactless ISO card with magnetic stripe?
